Singapore / Austria

Singapore-Austria Trade: In 2022, Singapore exported $377M to Austria. The main products that Singapore exported to Austria were Vaccines, blood, antisera, toxins and cultures ($131M), Machinery Having Individual Functions ($80.4M), and Integrated Circuits ($39M). Over the past 5 years the exports of Singapore to Austria have increased at an annualized rate of 15.3%, from $185M in 2017 to $377M in 2022.

In 2022, Singapore did not export any services to Austria.

Austria-Singapore Trade: In 2022, Austria exported $587M to Singapore. The main products that Austria exported to Singapore were Semiconductor Devices ($87.9M), Machinery Having Individual Functions ($60.2M), and Integrated Circuits ($32.3M). Over the past 5 years the exports of Austria to Singapore have decreased at an annualized rate of 0.31%,  from $596M in 2017 to $587M in 2022.

In 2020, Austria exported services to Singapore worth $107M, with Computer and information services ($34.3M), Other business services ($28.6M), and Transportation ($20.6M) being the largest in terms of value.

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).